Wned Foundation Inc
Wned Foundation Inc maintains substantial assets and reports 0% officer compensation across all filings.
EIN: 161613963 · Buffalo, NY · NTEE: B119 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $1.5M |
| Program Spending | 80% |
| Net Assets | $25.9M |
| Transparency Score | 85/100 |
Is Wned Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wned Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wned Foundation Inc
Wned Foundation Inc (EIN: 161613963) is a nonprofit organization based in Buffalo, NY, classified under NTEE code B119. The organization reported total revenue of $2.5M and total assets of $27.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wned Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wned Foundation Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$58K |
| Total Assets | $26.5M |
| Total Liabilities | $601K |
| Net Assets | $25.9M |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 219.2 months |
Financial Health Grade: A
In 2023, Wned Foundation Inc reported a surplus of $58K with revenue exceeding expenses, holds 219.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wned Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -58.9% | -7.3% | +4.4% |
| 2022 | +71.5% | +8.0% | -12.6% |
| 2021 | +28.6% | +12.3% | +11.6% |
| 2020 | -12.6% | -6.1% | -0.3% |
| 2019 | -22.7% | -7.7% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wned Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Wned Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all 13 available filings, indicating that officers are either uncompensated or compensated through an affiliated entity, which is a strong positive for donor perception of efficiency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Wned Foundation Inc's IRS 990 filings:
- Significant year-to-year revenue fluctuations, indicating potential instability in funding streams (e.g., $3.6M in 202206 vs. $1.5M in 202306).
Strengths
The following positive indicators were identified for Wned Foundation Inc:
- Consistent reporting of 0% officer compensation, suggesting high efficiency in leadership compensation.
- Substantial and stable asset base, consistently above $24 million, indicating strong financial health and long-term sustainability.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating commitment to transparency and regulatory compliance.
- Expenses generally well below revenue in most years, allowing for asset growth or reserves.
Frequently Asked Questions about Wned Foundation Inc
Is Wned Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wned Foundation Inc (EIN: 161613963) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Wned Foundation Inc spend its money?
Wned Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wned Foundation Inc tax-deductible?
Wned Foundation Inc is registered as a tax-exempt nonprofit (EIN: 161613963). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wned Foundation Inc's spending goes to programs?
Wned Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wned Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wned Foundation Inc is above average for NTEE category B119 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wned Foundation Inc located?
Wned Foundation Inc is headquartered in Buffalo, New York and files with the IRS under EIN 161613963. It is classified under NTEE code B119.
How many years of IRS 990 filings does Wned Foundation Inc have?
Wned Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.5M in total revenue.
How does Wned Foundation Inc manage to report 0% officer compensation consistently?
The consistent reporting of 0% officer compensation suggests that executive leadership may be volunteers, compensated by an affiliated entity, or that their compensation is not categorized as 'officer compensation' on the 990 form. Further investigation into their organizational structure and related entities would clarify this.
What is the primary source of Wned Foundation Inc's revenue given its fluctuations?
The provided data shows significant fluctuations in annual revenue, from $1,036,404 to $3,679,478. Without detailed Schedule A or B information from the 990s, it's difficult to pinpoint the primary sources, but this variability could indicate reliance on grants, major gifts, or specific fundraising campaigns rather than consistent membership or subscription income.
How does Wned Foundation Inc allocate its expenses between program services, administration, and fundraising?
While the provided data shows total expenses, a detailed functional expense breakdown (e.g., from Part IX of the 990) is needed to accurately determine the percentages allocated to program services, administration, and fundraising. The 0% officer compensation suggests a lean administrative structure, but specific ratios are not available in this summary.
Filing History
IRS 990 filing history for Wned Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wned Foundation Inc's revenue has declined by 22.6%, moving from $2.0M to $1.5M. Total assets decreased by 4.6% over the same period, from $27.8M to $26.5M. Total functional expenses fell by 19.8%, from $1.8M to $1.5M. In its most recent filing year (2023), Wned Foundation Inc reported a surplus of $58K, with revenue exceeding expenses. The organization holds $601K in liabilities against $26.5M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $25.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $26.5M | $601K | — | View 990 |
| 2022 | $3.7M | $1.6M | $25.4M | $50K | — | View 990 |
| 2021 | $2.1M | $1.5M | $29.1M | $59K | — | View 990 |
| 2020 | $1.7M | $1.3M | $26.1M | $1.8M | — | View 990 |
| 2019 | $1.9M | $1.4M | $26.1M | $1.8M | — | View 990 |
| 2018 | $2.5M | $1.5M | $25.8M | $1.8M | — | View 990 |
| 2017 | $1.1M | $1.8M | $24.9M | $1.9M | — | — |
| 2016 | $1.5M | $1.7M | $24.3M | $2.1M | — | View 990 |
| 2015 | $1.0M | $1.4M | $25.8M | $1.9M | — | View 990 |
| 2014 | $1.4M | $2.3M | $27.3M | $1.9M | — | View 990 |
| 2013 | $1.4M | $2.2M | $25.9M | $2.1M | — | View 990 |
| 2012 | $1.7M | $1.8M | $26.7M | $2.0M | — | View 990 |
| 2011 | $2.0M | $1.8M | $27.8M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $26.5M (revenue -58.9% year-over-year).
- 2022: Revenue of $3.7M, expenses of $1.6M, and assets of $25.4M (revenue +71.5% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.5M, and assets of $29.1M (revenue +28.6% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.3M, and assets of $26.1M (revenue -12.6% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.4M, and assets of $26.1M (revenue -22.7% year-over-year).
- 2018: Revenue of $2.5M, expenses of $1.5M, and assets of $25.8M (revenue +117.6% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.8M, and assets of $24.9M (revenue -24.4% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.7M, and assets of $24.3M (revenue +44.8% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.4M, and assets of $25.8M (revenue -26.4% year-over-year).
- 2014: Revenue of $1.4M, expenses of $2.3M, and assets of $27.3M (revenue +1.0% year-over-year).
- 2013: Revenue of $1.4M, expenses of $2.2M, and assets of $25.9M (revenue -20.3% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.8M, and assets of $26.7M (revenue -10.4% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.8M, and assets of $27.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wned Foundation Inc:
Data Sources and Methodology
This transparency report for Wned Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.